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20130104
20130112
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CNBC 5
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Search Results 0 to 4 of about 5
CNBC
Jan 8, 2013 4:00pm EST
right now on hugo chavez. let's get to our international correspondent michelle caruso-cabrera. >> it's official. hugo chavez will not be sworn in as the leader of venezuela on january 10th as it was supposed to occur. he's still in havana being treated for cancer. the story goes as follows. the vice president says -- of venezuela says he's either spoken or received a letter from chavez saying the doctors won't permit him to go to the inauguration and doctors asked that they delay the inauguration and this could very well set off a constitutional crisis in venezuela. the opposition is going to say this is not allowed. why do we care? second largest reserves in the world when it comes to oil. the biggest in the western hemisphere. they have got refineries actually right here in the united states. they supply 8% of our supply in any given year. just because he's sick or just because he's not inaugurated doesn't mean we get that oil but any instability certainly raises question about supply. maria, back to you. >> michelle, thanks so much. we'll keep on it. michelle caruso-cabrera. meanw
CNBC
Jan 9, 2013 6:00am EST
behind it. details after this. >>> why you should care that hugo chavez won't make it back to venezuela in time for a scheduled swearing-in. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm.
CNBC
Jan 9, 2013 9:00am EST
, venezuelan president hugo chavez is supposed to be inaugurated tomorrow but he's still sick in cuba. what now? the first video of google executive chairman eric schmidt in a north korean computer lab. michelle, good morning to you. >> that was my typo, computer lab there, carl. let's start with venezuela, where we are waiting any moment now for the venezuelan supreme court to decide whether or not it is constitutional to delay the inauguration tomorrow of hugo chavez. that is what he has supposedly asked for. that's what the parliament there agreed to do. i say supposedly, because we haven't seen him in nearly a month. there's been no proof of life. he is in cuba receiving cancer treatment at this point. could bring on a constitutional crisis in venezuela, because the constitution there says you're supposed to have an election within 30 days. if the winner cannot actually be inaugurated. we'll see what happens there. we'll show you what's going on with venezuelan bonds. they're widely held with a lot of fixed-income portfolios. look at that, nearly 9%. when hugo chavez first got sick, venezue
CNBC
Jan 9, 2013 12:00pm EST
that the inauguration of hugo chavez can be delayed. we have live pictures of that decision being announced by the supreme court of venezuela and asked questions of reporters here. we have that video, right? and this means that he will not be grated tomorrow and per his request. the vice president of the country said he received a request yesterday of chavez to wait until he's able to come back finishing recovering from the cancer treatment in cuba. scott, back to you. >> thanks so much. >>> meantime, herbalife back in the headlines today as two activist titans clash over the quaen. dan loeb's point revealing a stake in the firm after dan ackman's short position. herb greenberg is following it from the beginning and, herb, look, you were just here last week telling us about an activist against ackman. >> this is really -- the kind of battle you don't traditionally see, scott. what i find fascinating about it is, look, you know, you don't know why loeb is there until he tells he is there. it will be interesting to see if he says he's done a tremendous amount of work on this industry and that
CNBC
Jan 10, 2013 4:00am EST
's hugo chavez's inauguration. this as the opposition party steps up calls for the careta r caretaker. at the same time, bonds have rallied on speculation that a government transition could soon be under way. joining us with his thoughts, neal sherring. good to see you. >> good morning. >> what is going to happen in venezuela? >> i think it's very difficult to say with any precision as to what is going to happen next. i think what we can say is the expectations that we're going to get somehow a smooth transition for the current socialist@administration to a more market friendly administration, i think they're going to be disappointed. wa we've seen in the world over the past few years, is these transitions, when they do happen, are rarely smooth. there's always bumps along the way. i think actually if you look at the rally we've had in bond yields, as the bond markets -- >> down to five-year lows. >> down to five-year lows, but they start to sell off over the past couple of days. and i think that reflected a growing sense of the market that things aren't going to be quite as smooth. >
Search Results 0 to 4 of about 5